초록

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Abstract ▼ AI-Helper

This paper reviews the crises and changes of Japan’s political economy since 1990s. Bill Emott explains Japan’s economic recovery resulted from the various neo-liberal reforms. Vogel shows the Japanese system has moved in the direction of liberal market system by various reforms. The Japanese model ...

This paper reviews the crises and changes of Japan’s political economy since 1990s. Bill Emott explains Japan’s economic recovery resulted from the various neo-liberal reforms. Vogel shows the Japanese system has moved in the direction of liberal market system by various reforms. The Japanese model is changing, but has not fundamentally transformed. So, the transition is continuous rather than discontinuous. Rosenbluth & Thies also shows deep changes are under way in Japan’s political economy, prompted by reorganization of the dominant economic interests in Japan and underwritten by new electoral rules. Majoritarian systems motivate politicians to target policies toward consumer interests. Japanese parties are now more responsive to the median voter. Walter F. Hatch explains Japan’s economic stagnation in 1990s and subsequent transformation by looking at its ties to East Asia. He shows how Japanese political and economic elites delayed the transformation of their distinctive brand of capitalism by trying to extend it to the rest of Asia. The Asian economic crisis in the late 1990s and the rising of China have forced real transformation in Japanese political economy and in its relations with the Asian states. Lastly, Noguchi explains east-Japan great earthquake’s shocks on the Japan’s economy and suggests the transformation of the existing industrial structure for Japan’s economical recovery.

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